Technical analyst vs. rumors & news

What percentage of your day trading strategy, if any, involves the news? For example, from sources such as: Bloomberg, CNBC, Breifing.com, etc.

I am relatively new to trading (part time for about 6 months) and I have been pretty successful at quickly placing trades strictly based on how I think the market will react to a story, upgrade/downgrade, earnings, etc.

I prefer to watch news feeds rather than charts. Can trading on the news be a long-term successful strategy or have I just been lucky? The reason I ask is because I would like to eventually do this full time and I would rather not get too caught up in TA if its not necessary.

Although I believe news analysis can be employed in one's trading approach, as Bernard Baruch stated, "What is important are not the events themselves, but the human reaction to these events", personally I find it actually difficult to know the longer term outcome of such a strategy. The key issue is news effects could not be quantified so as to analyse it's historical performance and debug the parameters involved.

Although I believe news analysis can be employed in one's trading approach, as Bernard Barauch stated, "What is important are not the events themselves, but the human reaction to these events", personally I find it actually difficult to know the longer term outcome of such a strategy. The key issue is news effects could not be quantified so as to analyse it's historical performance and debug the parameters involved.

Yes after reading his own story, I actually feel he was an old fox in his time. Concerning the psychological aspect, I prefer this one,

"This test of our ability to govern ourselves is really threefold. First, it is a test of values, of what things we will give up in order to make other things secure. Second, it is a test of our reasoning powers, of whether we have the wit to think our problems through to an effective solution. Third, it is a test of self discipline, of our ability to stand by our values and see our policies through, whatever the personal cost."

Yes after reading his own story, I actually feel he was an old fox in his time. Concerning the psychological aspect, I prefer this one,

"This test of our ability to govern ourselves is really threefold. First, it is a test of values, of what things we will give up in order to make other things secure. Second, it is a test of our reasoning powers, of whether we have the wit to think our problems through to an effective solution. Third, it is a test of self discipline, of our ability to stand by our values and see our policies through, whatever the personal cost."

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Yes, he was an old fox. A great speculator (and much more). Unlike Livermore (or Gann) he died as a rich man. I think all traders should read his book:
Bernard M. Baruch: "My Own Story".